The roller coaster will be the last piece of the Fantasyland puzzle after the planned fall opening of Princess Fairytale Hall, a princess meet-and-greet venue that's being constructed in the place that was occupied by the Snow White's Scary Adventures dark ride, which closed last year.

The coaster will be a centerpiece to what has been the largest expansion in the Magic Kingdom's history. Other parts opened in phases in 2012 including Storybook Circus with its double Dumbo ride and sections inspired by "Beauty and the Beast" and "The Little Mermaid."

The ride itself is an indoor-and-outdoor coaster with side-to-side swaying cars. Disney officials say its intensity will be between that of sister Magic Kingdom coasters Barnstormer and Big Thunder Mountain Railroad.

The draw of the new attractions has made the Magic Kingdom of even higher value to the company, with single-day ticket prices for that park having just been upped to $95. The $6 rise in cost makes the Magic Kingdom $5 more than Walt Disney World's other three major parks, which all just went up $1 to $90 for the single-day ticket.